Information provided by the nominee
Cogito Capital completed its 1st full exit in Q3.22 with the sale of Applica.ai to Snowflake, a global leader in cloud computing services with a market cap of ~ $50bn, with a return of 10.0x and IRR of 148% realized in less than 3 years the 1st closing of Cogito Fund I; the exit validated the Fund’s investment strategy and returned the capital drawn for investments to date (DPI of ~ 1.0).